IBM Big Data Hub
JANUARY 25, 2024
Many managers in asset-intensive industries like energy, utilities or process manufacturing, perform a delicate high-wire act when managing inventory. When assets lack criticality and priority assignments, there is a risk of accumulating unnecessary parts that might become obsolete on the shelves. What’s at stake?
CIO Business Intelligence
JUNE 7, 2022
More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. Predictive analytics is often considered a type of “advanced analytics,” and frequently depends on machine learning and/or deep learning.
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IBM Big Data Hub
JULY 6, 2023
Some examples of data science use cases include: An international bank uses ML-powered credit risk models to deliver faster loans over a mobile app. A manufacturer developed powerful, 3D-printed sensors to guide driverless vehicles. Healthcare companies are using data science for breast cancer prediction and other uses.
FineReport
APRIL 26, 2023
For example, a computer manufacturing company could develop new models or add features to products that are in high demand. Predictive Analytics assesses the probability of a specific occurrence in the future, such as early warning systems, fraud detection, preventative maintenance applications, and forecasting.
BizAcuity
MARCH 31, 2022
85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams.(Source: Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and risk management.
Rocket-Powered Data Science
OCTOBER 6, 2023
Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. How do predictive and prescriptive analytics fit into this statistical framework?
datapine
NOVEMBER 27, 2019
This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report , combining AI with autonomous things and hyperautomation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. 4) Predictive And Prescriptive Analytics Tools.
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